Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
ITAT allowed the trust's appeal, rejecting CIT(E)'s cancellation of registration u/s 12A and 12AB. The tribunal found no justification for cancellation, noting the trust was established in 1930, previously granted registration in 1975, and consistently assessed under section 143(3). The tribunal emphasized rule of consistency, highlighting that no material changes in trust's activities were demonstrated. Key grounds for rejecting cancellation included: trust's longstanding tax compliance, permissible charitable donations to other trusts, legitimate rental income, and absence of specific year-wise violations. The decision upholds the trust's registration, rejecting revenue's arguments about community-specific establishment and alleged procedural non-compliance.
ITAT allowed the trust's appeal, rejecting CIT(E)'s cancellation of registration u/s 12A and 12AB. The tribunal found no justification for cancellation, noting the trust was established in 1930, previously granted registration in 1975, and consistently assessed under section 143(3). The tribunal emphasized rule of consistency, highlighting that no material changes in trust's activities were demonstrated. Key grounds for rejecting cancellation included: trust's longstanding tax compliance, permissible charitable donations to other trusts, legitimate rental income, and absence of specific year-wise violations. The decision upholds the trust's registration, rejecting revenue's arguments about community-specific establishment and alleged procedural non-compliance.
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